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Condo Vs House?

Published on Nov 18, 2015

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PRESENTATION OUTLINE

CONDO OR HOUSE:

WHICH ONE IS RIGHT FOR YOU?
Photo by karen_neoh

3 CONSIDERATIONS

  • Costs
  • Lifestyle
  • Neighbourhood
Photo by Leo Reynolds

HOME INSURANCE

PLAN TO SPEND 4-5 TIMES AS MUCH TO INSURE A HOUSE THAN A CONDO

GARBAGE, WATER AND SEWAGE

BUDGET $600-900/YEAR FOR A HOUSE (INCLUDED IN CONDO FEES)
Photo by whitecat sg

AFFORDABILITY IN TORONTO

AVERAGE CONDO PRICE: $366,020; AVERAGE HOUSE PRICE: $888,210
Photo by Cayusa

MAINTENANCE

BUDGET 3-5% FOR A HOUSE; CONDO FEES AVERAGE $0.50-0.70/ SQFT

FREEDOM

WITH A HOUSE: FREEDOM FROM NEIGHBOURS, NOISE AND RULES

AMENITIES

MANY CONDOS HAVE A GYM, PARTY ROOM, CONCIERGE, POOL...

TIME

MAINTAINING A HOUSE TAKES TIME (AND TALENT!)
Photo by brungrrl

NEIGHBOURHOOD

ACCESS TO TRANSIT, SERVICES, PARKS, SCHOOLS VARIES BY 'HOOD
Photo by rae

CONDO VS. HOUSE

WHICH ONE IS RIGHT FOR YOU?
Photo by karen_neoh